Senior Property Accountant

Addison Group; Chicago (IL); On-site; USD 80,000 - 110,000; Full time

Job summary

Addison Group is partnering to fill a Senior Property Accountant role in Chicago, supporting a real estate investment fund with a 16-portfolio JV. You will lead month-end, quarterly and year-end closes, prepare journal entries, and maintain GAAP-compliant property financials.

You will analyze performance, coordinate with JV partners and managers, and assist with investor reporting and audits. Strong Excel skills and real estate accounting experience are required.

Qualifications

• Bachelor’s degree in Accounting or Finance; CPA preferred.
• 3+ years of accounting experience, with a focus on real estate or property accounting.
• Strong knowledge of GAAP and financial reporting principles.
• Advanced proficiency in Excel; experience with Yardi, MRI, or similar systems is a plus.
• Detail-oriented with strong analytical and organizational skills.
• Ability to manage multiple priorities and meet deadlines in a fast-paced environment.
• Effective cross-functional communication with internal and external stakeholders.

Responsibilities

• Lead monthly, quarterly, and annual close processes for assigned properties.
• Prepare and review journal entries, account reconciliations, and schedules.
• Maintain property-level financial statements per GAAP and partnerships.
• Analyze operating results, variances, and key metrics; provide insights to management.
• Coordinate with joint venture partners, property managers, and third-party operators for data accuracy.
• Support development accounting including capitalization of project costs and budget tracking.
• Assist with investor reporting and lender compliance requirements.
• Collaborate with auditors and support annual audit and tax processes.
• Improve accounting processes, internal controls, and reporting efficiencies.

Skills

GAAP knowledge

Excel proficiency

Analytical skills

Cross-functional communication

Problem-solving

Education

Bachelor’s degree in Accounting or Finance

CPA preferred

Tools

Yardi

MRI

Job description

Addison Group has partnered on the search for a Senior Property Accountant to support the accounting and financial reporting functions of a real estate investment fund with a portfolio of 16 joint venture properties, including assets in operation and under development. This role will be a key contributor to the monthly, quarterly, and annual close processes and will work closely with asset management, development, and joint venture partners.

Responsibilities

• Lead and execute monthly, quarterly, and annual close processes for assigned properties, ensuring accuracy and timeliness
• Prepare and review journal entries, account reconciliations, and supporting schedules
• Maintain property-level financial statements in accordance with GAAP and partnership agreements
• Analyze operating results, budget variances, and key financial metrics; provide actionable insights to management
• Coordinate with joint venture partners, property managers, and third-party operators to ensure completeness and accuracy of financial data
• Support development accounting, including capitalization of project costs, construction draws, and budget tracking
• Assist with preparation of investor reporting packages and lender compliance requirements
• Collaborate with auditors and support annual audit and tax processes
• Continuously improve accounting processes, internal controls, and reporting efficiencies

Qualifications

• Bachelor’s degree in Accounting or Finance; CPA preferred
• 3+ years of accounting experience, with a strong preference for real estate or property accounting
• Strong knowledge of GAAP and financial reporting principles.
• Advanced proficiency in Excel; experience with Yardi, MRI, or similar property accounting systems is a plus
• Detail-oriented with strong analytical, organizational, and problem-solving skills
• Ability to manage multiple priorities and meet deadlines in a fast-paced environment
• Effective communication skills and ability to work cross-functionally with internal and external stakeholders